TITLE

New York broker transparency rule 'close to finished': NYSID official

AUTHOR(S)
Phillips, Zack
PUB. DATE
September 2009
SOURCE
Business Insurance;9/28/2009, Vol. 43 Issue 34, p21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the near completion of a draft of a proposed insurance agent and broker pay disclosure rule by the New York State Insurance Department (NYSID). According to NYSID special counsel Matthew J. Gaul, they tried to reach a compromise with insurance purchasers, brokers and other industry representatives. Gaul also points out the need for agents and brokers to establish a new infrastructure and to make operational changes so as to comply with a rule mandating disclosure. The regulation is under a review by the State Governor's Office.
ACCESSION #
44788033

Tags: FINANCIAL disclosure;  INSURANCE agents;  INSURANCE brokers;  NEW York (State). Dept. of Insurance;  GAUL, Matthew J.

 

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